ABgax (OSTO:SAGA D) Cyclically Adjusted Book per Share: kr14.00 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSTO:SAGA D AB Sagax OSTO:SAGA D
79 GF Score
Price kr33.35
GF Value kr50.77
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is ABgax Cyclically Adjusted Book per Share?

ABgax OSTO:SAGA D 79 Cyclically Adjusted Book per Share is kr14.00 as of Jun. 2026. GuruFocus rates OSTO:SAGA D with a GF Score™ of 79/100 and a GF Value™ of kr50.77 (Possible Value Trap). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

ABgax's adjusted book value per share for the three months ended in Jun. 2026 was kr91.385. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is kr14.00 for the trailing ten years ended in Jun. 2026.

During the past 12 months, ABgax's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 21.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of ABgax was 27.20% per year. The lowest was 15.70% per year. And the median was 23.10% per year.

As of today (2026-07-15), ABgax's current stock price is kr33.35. ABgax's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr14.00. ABgax's Cyclically Adjusted PB Ratio of today is 2.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ABgax was 13.88. The lowest was 2.27. And the median was 5.53.


ABgax  (OSTO:SAGA D) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

ABgax's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=33.35/14.00
=2.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ABgax was 13.88. The lowest was 2.27. And the median was 5.53.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


ABgax Cyclically Adjusted Book per Share Related Terms


ABgax Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for ABgax's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ABgax Cyclically Adjusted Book per Share Chart

ABgax Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.31 4.54 5.00 7.71 10.85

ABgax Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.26 10.61 10.85 12.55 14.00

OSTO:SAGA D vs CBRE, BEKE, JLL: Cyclically Adjusted Book per Share Comparison

For the Real Estate Services subindustry, ABgax's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ABgax Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, ABgax's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ABgax's Cyclically Adjusted PB Ratio falls into.


OSTO:SAGA D
79GF Score
AB Sagax OSTO:SAGA D
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ABgax Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, ABgax's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=91.385/132.7900*132.7900
=91.385

Current CPI (Jun. 2026) = 132.7900.

ABgax Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.154 101.138 29.087
201612 25.991 102.022 33.830
201703 27.638 102.022 35.973
201706 25.621 102.752 33.111
201709 26.776 103.279 34.427
201712 29.799 103.793 38.124
201803 32.312 103.962 41.272
201806 33.461 104.875 42.368
201809 35.020 105.679 44.004
201812 36.819 105.912 46.163
201903 39.105 105.886 49.041
201906 40.053 106.742 49.827
201909 42.120 107.214 52.168
201912 45.333 107.766 55.860
202003 48.024 106.563 59.844
202006 46.096 107.498 56.942
202009 48.617 107.635 59.979
202012 50.673 108.296 62.134
202103 55.875 108.360 68.472
202106 57.437 108.928 70.020
202109 61.212 110.338 73.668
202112 70.011 112.486 82.648
202203 73.850 114.825 85.404
202206 72.546 118.384 81.374
202209 74.484 122.296 80.875
202212 75.319 126.365 79.148
202303 74.953 127.042 78.344
202306 76.360 129.407 78.357
202309 77.277 130.224 78.800
202312 78.731 131.912 79.255
202403 81.888 132.205 82.250
202406 80.596 132.716 80.641
202409 85.490 132.304 85.804
202412 88.105 132.987 87.974
202503 88.324 132.825 88.301
202506 86.981 133.699 86.390
202509 88.606 133.480 88.148
202512 91.718 133.390 91.305
202603 95.115 133.560 94.567
202606 91.385 132.790 91.385

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of kr14.00 mean?
ABgax (OSTO:SAGA D) has a Cyclically Adjusted Book per Share of kr14.00 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on ABgax and its competitors.
Is ABgax's Cyclically Adjusted Book per Share too high?
ABgax's current Cyclically Adjusted Book per Share is kr14.00. Overall, ABgax has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ABgax's Cyclically Adjusted Book per Share compare to CBRE and BEKE?
ABgax's Cyclically Adjusted Book per Share of kr14.00 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Real Estate company?
A good Cyclically Adjusted Book per Share depends on the Real Estate industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on ABgax and its competitors. ABgax's current Cyclically Adjusted Book per Share is kr14.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ABgax stock overvalued right now?
Based on GuruFocus' analysis, ABgax (OSTO:SAGA D) is currently considered Possible Value Trap. The stock's GF Value™ is kr50.77, compared to a current price of kr33.35 — trading 34.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is kr14.00. ABgax's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For ABgax (OSTO:SAGA D), the current Cyclically Adjusted Book per Share is kr14.00 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ABgax (OSTO:SAGA D) Overvalued in 2026?

Based on GuruFocus' analysis, ABgax stock appears to be undervalued. The current stock price of kr33.35 is trading 34.3% below its estimated GF Value™ of kr50.77. GuruFocus considers ABgax to be Possible Value Trap.

Key valuation signals for OSTO:SAGA D:

  • Cyclically Adjusted Book per Share: kr14.00
  • GF Value™: kr50.77 vs. price of kr33.35 (34.3% below fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the OSTO:SAGA D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ABgax Business Description

Address Engelbrektsplan 1, Stockholm, SWE, SE-114 34
AB Sagax is a property company that invests in commercial properties with a focus on the warehouse and light industry segment. The company owns properties in Sweden, Finland, Germany, and Denmark, with a total rental space of more than 3 million square metres. A proportion of the company's real estate portfolio is located in the Stockholm and Helsinki regions. The company's revenue consists of rental income for the provision of premises, of which the majority is derived from the government, municipalities, or companies with sales.
79GF Score

Get the complete analysis for OSTO:SAGA D

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr33.35
Price
kr50.77
GF Value